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MerlinL14

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Post by MerlinL14 » Fri Nov 25, 2011 8:13 pm
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Hypothetically, if I were to win a competition where the winning prize was goods/services, but over the £500 protocol threshold and there is no cash alternative. Would you be able to accept the prize?

I haven't won, but the wife enters competitions for holidays and other high value 'stuff'.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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kallis3

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Post by kallis3 » Fri Nov 25, 2011 8:18 pm
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I would think you would be able to keep them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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kazzafunk

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Post by kazzafunk » Fri Nov 25, 2011 8:18 pm
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I would say yes! It's not cash is it, and there's nothing in my proposal about anything other than cash. I enter competitions all the time but haven't won a bean in years!
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
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Julie

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Post by Julie » Fri Nov 25, 2011 8:23 pm
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I would say yes!

If you won a prize, what good would it be to creditors as most prize terms say you cannot exchange for a cash value.

Good luck!!!!
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Andy1964

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Post by Andy1964 » Fri Nov 25, 2011 8:27 pm
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If the prize is big enough offer it to your creditors to organise a raffle and the proceeds go towards paying off your IVA [:D][:D][:D]
If we all threw our problems in a pile and saw everyone else’s, we’d grab ours back.

Funds paid to date accepted as F&F 16th August 2013, the wait for completion begins.
Wait over....certificate recieved 3rd May 2014
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